Connect with us


NAICOM cancels Niger Insurance, Standard Alliance licenses



NAICOM restructures, creates new directorates

The National Insurance Commission (NAICOM) has cancelled certificates of registration of Standard Alliance Insurance Plc, and Niger Insurance Plc.

The NAICOM’s Head of Corporate Communication and Marketing Development, Mr. Rasaaq Salami, who disclosed this in a statement on Tuesday in Abuja, said the cancellation of the companies’ registration took effect from June 21.

He said the commission had appointed Sanya, Ogunkuade Esq in Abuja as the liquidator for Niger Insurance Plc.

Read also:Niger Insurance’s financial struggles may compel NAICOM to revoke its operational license

Salami added that Kehinde Aina, Esq of Aina Blankson LP in the Ikoyi area of Lagos had been chosen as Standard Alliance Insurance Plc liquidator.

He advised all stakeholders to forward their inquiries to the respective receiver/liquidator for each company for necessary action.

Salami assured all stakeholders of NAICOM’s readiness to protect their investments.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Click to comment

Leave a Reply

Your email address will not be published.

19 − 6 =